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World Cup Profits

Brazil Looks to Reinvest World Cup Profits

January 27 2015

Brazil football association (CBF) president Jose Maria Marin has outlined plans to invest the country’s World Cup profits.

The 2014 Brazil world cup was seen as the main showpiece event for football as well as being held in Brazil for the first time in 54 years. Although their efforts on the pitch eventually ended in the disappointment of a semi-final defeat to Germany, the lasting effects of a successful tournament are set to benefit the domestic game in the coming years.

Marin, who will shortly be replaced by current vice-president Marco Polo del Nero, revealed details of a €86 million Football Legacy Project this week, promising to continue to work towards the Brazilian game’s decentralisation and support for the women’s game.

“The 2014 World Cup in Brazil has left us with memories of great football, but also a great responsibility,” he told a press conference in Sao Paulo.

“We took on a commitment with the states that did not host the event to make sure the benefits of the World Cup will reach places where, although the love for football is huge, the structure offered to the community still cannot be compared to that which we see in the bigger cities.

The 2014 World Cup consisted of 12 host cities, the most in the competition’s history.

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